Modernity on Credit: The Experience of Underground Miners on the Zambian Copperbelt
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DOI: 10.1080/03057070.2020.1864921
Abstract: This article explores the borrowing practices of Copperbelt underground miners in the context of growing debt consumption since the privatisation of the country’s mining sector. It explores why Zambian mine workers borrow and how they… read more here.
Keywords: modernity credit; mine workers; debt consumption; underground miners ... See more keywords
Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession
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DOI: 10.1257/aer.20170772
Abstract: Using a quantitative heterogeneous agents macro-housing model and detailed microdata, this paper studies the drivers of the 2006–2011 housing bust, its spillovers to consumption and the credit market, and the ability of mortgage rate interventions… read more here.
Keywords: debt consumption; mortgage debt; illiquid housing; housing ... See more keywords